Shoot me a DM or a text (number in signature of this post) and I'm happy to put you in touch with my financing referrals who will take good care of you. 

A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.

I always do options so I make sure to give my option check to the motivated seller the day I sign up the deal. 

If the tenant ever cancels coverage, you will be notified.Here's an article explaining: https://www.credible.com/blog/home-insurance/additional-insured-vs-additional-interest/#:~:text=Additional%20insured%20is%20only%20available,t%20collect%20a%20claim%20payout.

@Ian RadcliffeThe BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments to sell to home builders.We went through all the ups and downs, did mailers, text msgs, cold calling, ringless voice mails, the works - until we had enough of that cash bleeding.

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

You mean like giving them your email address or phone number and having them email or text them to you?

I was talking with a realtor who had one of these properties listed - the owner had received more than 100 wholesale calls/texts/etc in the months after the auction.

The person who is supposed to be in charge of our specific unit does not answer texts, and when I call it goes straight to voicemail.

Since I’ve increased my deal flow to a significant degree, I find that this technique eliminates the wasted time and effort of dealing with people who aren’t highly motivated to close a transaction.